The Case of the Overwhelming Mortgage

AgathaSquirrel

Pay day arrived. Health related item paid off. Some travel required over the next month so some money put to that but otherwise overpaid mortgage by £50, will add another £100 to that later in the month. Added an additional £28 to standard life pension. I’m also in the process of opening a stocks and shares ISA. This will just be £25 a month for the present time.This is 10 years+ investing to give us some additional funds for the 60-67 years. We’re both thinking we’ll work part time at 60 for a couple of years but it would be nice to be in a position to retire at 60 if this is what we want to do. If everything goes to plan mortgage should be paid off and university funds in place 4 years from now. That gives us 6 years to focus on pension and house improvements.

Big news is the garden works start on Monday. 

Other big news is I have some money to spend on me for the first time in a long time. I’ve managed to rip my raincoat so planning to have a look in town today for something from the sales.

edinburgher

Well done on starting the S&S ISA. I'm trying to grow mine at the moment and I'm finding it takes a bit more discipline than pensions as I can't touch those once the money is paid in!

South_coast

Don't touch it Ed, that's what makes it work 😘! I haven't paid anything into mine all year while my focus has been elsewhere, and it's currently up 6.8% from 1 January. Very happy with that, in this era of global/political instability